auto

National auto loan rates for Oct. 20, 2011

Interest Rate Roundup
Auto loan rate graph
Find the best auto rates in your area.

Auto Loans

  • 5.33% (60-month, new car)
  • 6.39% (36-month, used car)

Auto loan rates rebounded this week, bouncing off last week's record lows.

The average 48-month new-car loan rate rose 2 basis points to 5.31 percent. The rate for a 60-month new-car loan gained 1 basis point to 5.33 percent. A basis point is one-hundredth of 1 percentage point.

The average rate for a 36-month used-car loan jumped 10 basis points to 6.39 percent.

Automotive News has reported that the United Auto Workers ratified a contract with Ford. The new deal spans four years and will create 12,000 new jobs.

 

 

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Tara Baukus Mello

Brand’s perfume: Essence of Lincoln

Lincoln has developed its own perfume fragrance and no, it's not "new car smell," despite being named Essence of Lincoln. Used in the ventilation system of Lincoln dealerships and on scent cards available in showrooms, the scent was developed as a way to create more luxury and warmth for customers visiting the dealerships as they  ... Read more


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